Wrinkles and Wealth: Navigate Skincare Costs and Net Worth Goals for Retirement

Jan 22, 2024

Learn about the costs of anti-aging treatments and how to budget for them. Understand the significance of net worth and the pitfalls of comparing it to others. Hear tips for maintaining youthful skin and saving money for cosmetic procedures. Explore strategies for retirement savings and using net worth as a gauge for retirement goals. Discover the importance of reassessing financial goals and joining online communities for support.

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Introduction

00:00 • 5min

Tips for Youthful Skin

04:47 • 8min

Reviews, Introduction to IBADA, and Discussing Net Worth

12:30 • 2min

Financial Goals and Saving Strategies

14:50 • 17min

Calculating Retirement Savings and Using Net Worth as a Gauge for Retirement Goals

31:53 • 3min

Reassessing Financial Goals and Online Communities

35:22 • 5min

Learn how much anti-aging treatments may cost you (and how to budget for them), plus how to understand your net worth.

00:54 This Week in Your Money: How much does it cost to look younger? What can you do for free to maintain your youthful appearance? Hosts Sean Pyles and Sara Rathner discuss the costs associated with various anti-aging treatments like moisturizers, Botox, dermal fillers, and laser skin resurfacing, and how to budget to be able to pay for them over time. They also touch on preventative care, underscoring the effectiveness and affordability of daily sunscreen use and topical serums as foundational elements in maintaining a youthful appearance.

12:59 Today’s Money Question: Charlene, a 29-year-old listener in Texas, joins Sean and Sara to discuss her questions about net worth. They talk about the significance of net worth as a financial metric and the common pitfalls of comparing one's net worth to that of others. Charlene shares her disciplined approach to saving and her aspirations for financial independence and an early retirement, and how net worth relates to her progress towards achieving her goals. Sean and Sara address the concept of net worth beyond just 401(k) balances and the potential pressure of societal expectations on financial milestones, with information that could serve as a guide for listeners aiming for similar goals.

In their conversation, the Nerds discuss: personal finance, skincare, financial freedom, early retirement, beauty investments, cosmetic procedures, Botox, fillers, laser treatments, sunscreen, serums, calculating your net worth, savings discipline, compound interest, retirement calculators, frugality hacks, financial independence, anti-aging treatments, dermatology, preventative care, financial planning, wealth-building, retirement savings, FIRE movement, aggressive saving, investing strategies, and retirement benchmarks.

To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.

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